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Thursday, April 11, 2019

The Most Affordable Top MBA Programs

The most affordable of all the top 50 MBA programs in the U.S.: Purdue Krannert, where two years of graduate business education will cost you around $65,000. Purdue photo

The most affordable MBA is Purdue University’s Krannert School of Management, where a two-year degree can be had for the low, low price of $65,592. That’s an estimate based on Purdue’s annual tuition at just $19,766 annually and its “cost of living” — room, board, books, and miscellaneous expenses, but not, critically, fees — at a mere $13,030 per year.

Altogether, Purdue and the next four schools down the list make up a key group: the only five schools out of 50 with a total two-year cost of under $100,000. After the Krannert School, Brigham Young University takes second place, with a total cost of $69,572, but also with a big asterisk: the Marriott School of Business’ annual tuition of $13,450, lowest on record for the top 50, is available only to members of the Mormon church. There are no such restrictions, however, at the next most-affordable MBA programs: the University of Texas-Dallas Jindal School of Management ($89,000), the University of Florida’s Hough Graduate School of Business ($95,620), and the University of Pittsburgh Katz Graduate School of Business ($99,950). (Non-LDS members pay a two-year MBA tuition of $52,240, according to BYU Marriott’s website, bringing its total two-year cost to $94,912 — still third place on the Most Affordable list.)

Acceptance rates are fairly high at all four: 49.4% at Purdue, 52.7% at BYU, 35.1% at Texas-Dallas, 18.8% at Florida, and 34.0% at Pittsburgh Katz. That averages out to 38%.

Only three schools ranked byP&Qin the top 25 find their way into the “bottom” 20 for cost: No. 24 Rice University Jones Graduate School of Business is eighth overall at $116,530; No. 25 Indiana University Kelley School of Business is 16th overall at $137,910; and No. 18 Texas-Austin McCombs School of Business is 20th, at $146,908.